Dupple writes: There's a two page article over on IT World detailing the new European patent system

Parliament adopted all three proposed regulations needed to form the new patent system on Tuesday: the regulation on a Unitary Patent, the language regime and the formation of a new unified patent court system.

Not all European Union member states want a part in the new system: Italy and Spain refused to participate, although they may join at any time. The new system will cut the cost of obtaining a patent in the participating countries by up to 80 percent, the Parliament said. The patents will be made available in English, French and German and applications will have to be made in one of those three languages.

Not everyone was pleased with the newly adopted regulation though. MEPs opposing the adopted text are concerned the new system is going to be bad for innovation and business, and by voting for the text, the Parliament is giving away powers, they said.

The new regulation "means the European Parliament will abdicate all its political powers to an organization... that is outside of the E.U.," said Christian Engström, Pirate Party member of parliament, adding that he still wanted a European patent as long as it did not hamper innovation as he believes the proposal in its current form does.